Response Plus Holding (ADX:RPM) Gross Margin % : 82.93% (As of Dec. 2023)

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What is Response Plus Holding Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Response Plus Holding's Gross Profit for the six months ended in Dec. 2023 was د.إ146.6 Mil. Response Plus Holding's Revenue for the six months ended in Dec. 2023 was د.إ176.8 Mil. Therefore, Response Plus Holding's Gross Margin % for the quarter that ended in Dec. 2023 was 82.93%.

The historical rank and industry rank for Response Plus Holding's Gross Margin % or its related term are showing as below:

ADX:RPM' s Gross Margin % Range Over the Past 10 Years
Min: 50.77 Med: 86.17 Max: 88.57
Current: 85.33

During the past 4 years, the highest Gross Margin % of Response Plus Holding was 88.57%. The lowest was 50.77%. And the median was 86.17%.

ADX:RPM's Gross Margin % is ranked better than
95.8% of 929 companies
in the Oil & Gas industry
Industry Median: 27.83 vs ADX:RPM: 85.33

Response Plus Holding had a gross margin of 82.93% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Response Plus Holding was 0.00% per year.

Response Plus Holding Gross Margin % Historical Data

The historical data trend for Response Plus Holding's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Response Plus Holding Gross Margin % Chart

Response Plus Holding Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Gross Margin %

50.77

87.01

88.57

85.33

Response Plus Holding Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Margin %	Get a 7-Day Free Trial			87.43	87.81	89.35	87.84	82.93

Competitive Comparison of Response Plus Holding's Gross Margin %

For the Oil & Gas Equipment & Services subindustry, Response Plus Holding's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Response Plus Holding's Gross Margin % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Response Plus Holding's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Response Plus Holding's Gross Margin % falls into.

Response Plus Holding Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Response Plus Holding's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	294.7	/	345.359
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(345.359 - 50.678)	/	345.359
	=	85.33 %

Response Plus Holding's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	146.6	/	176.827
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(176.827 - 30.187)	/	176.827
	=	82.93 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Response Plus Holding (ADX:RPM) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Response Plus Holding had a gross margin of 82.93% for the quarter that ended in Dec. 2023 => Durable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Response Plus Holding Gross Margin % Related Terms

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Response Plus Holding (ADX:RPM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Response Plus Holding (ADX:RPM) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Burjeel Medical City, MBZ City, P.O. Box 130336, Zone D, 3rd Floor, Abu Dhabi, ARE

Website

https://rpm.ae

Response Plus Holding is engaged in the supply of manpower and medical equipment and the management of hospitals, clinics, and medical centers. The company's business activities are; healthcare services, investment in the healthcare-related business, investing in real estate and movables necessary for carrying out its activities, and management of affiliated companies. Geographically, it operates in the following markets; United Arab Emirates, Kingdom of Saudi Arabia, and Sultanate of Oman. Out of which a majority of its revenue comes from the United Arab Emirates market.